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The Globe and Mail's Smart Money section is dedicated to giving you what you need to manage your personal finances successfully. Smart Money appears every Saturday in The Globe and Mail and on globeinvestor.com.
Dividend growth beats high yields in the long run, ROB CARRICK writes
A stock with a growing dividend is the investment of a lifetime.Own the shares of a company that regularly increases its dividends and you put yourself in a position to receive an ever-growing flow of income and benefit from a rising share price. The total return possibilities over a long period of time are just amazing.
TONY MARTIN profiles an Edmonton man who, as an independent investor, likes businesses with wealth in the ground
Before ''retiring,'' Mike Halvorson did a good deal of corporate finance and investor relations work. But he found the regulatory bureaucracy tiresome and, as he says, ''I made the most money with nobody around.'' Now 59, for the past decade the Edmonton man has been an independent investor, largely focusing on risky, early stage exploration plays, and keeping himself busy with a farm that's home to about 80 head of cattle and four horses he uses for trail riding.
A weekly scorecard of some of the lowest and highest rates and yields across Canada.
MORTGAGESThe lowest rates posted for one, three and five year closed mortgages.1-YEAR CLOSED ICICI Bank Canada3.75PACE Savings and Credit Un 3.75Ukranian Credit Union 3.79ING Direct 3.8Ontario Civil Service CU 3.80Average rate4.663-YEAR CLOSED ResMor Trust 4.69Citizens Bank of Canada4.7DUCA Financial Services4.7ING Direct4.7Manulife Bank4.70Average rate5.46
My wife Carolyn and I had a big fight this week. We were discussing who should be the guardian of our kids if we both die.That day, Carolyn wasn't thinking about divorce. Murder? Sure. But not divorce. The fact is, many marriages do end in divorce. I want to share an idea with those of you who are in a second marriage.
A selection of this week's winners and losers
(Star) RioCan Real Estate Investment(REI.UN-TSX)$17.92, up 53 centsPower centres. We've all driven past them. Giant complexes featuring Wal-Marts, Winners and Home Depots. Guess who's the country's largest developer of those so-called strip-malls on steroids? RioCan's stock has also had a steroids-esque rise as of late, surging to a 52-week high. But this is genuine strength.
Baby boomers, this Christmas season unleash your inner child and empty your bankbook with jewel-encrusted Mr. and Mrs. Potato Head toys at $16,000 (U.S.) a pair.Retailer Neiman Marcus has rolled out its annual parade of seasonal excess and eccentricity in its Christmas Book, which is chock full of luxury gifts that harken back to the childhood joys of years past.
